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Published April 14, 2008 at 5:32 PM
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For Novartis, the deal will not only expand its pharmaceutical offerings, but it will add surgical devices and consumer vision-care products. Novartis thinks so highly of Alcon it also won the right to acquire Nestlé's remaining 52% Alcon holding for $28 billion by July 2011, which would make the Swiss pharmaceutical the world's biggest provider of surgical lasers, drugs and drops for eye care. Interestingly, the deal marks the second time in a year the two Swiss companies have done a deal. Novartis sold its Gerber baby food business for $5.5 billion to Nestlé last year.
Meanwhile, the second-largest domestic deal of the week was Takeda Pharmeuctials Co. Ltd.'s purchase of Boston-biotech Millennium Pharmaceuticals Inc. for $8.4 billion on April 10.
Lastly, Kinetic Concepts Inc., a provider of advanced wound-care and therapeutic support systems, bought LifeCell Corp., for $1.7 billion on April 7. The Deal's Cheryl Meyer expanded on the benefits of the merger for KCI:
The deal offers KCI three key advantages: LifeCell's extensive network, and experience with surgeons fits well with KCI's new product pipeline; KCI operates in 19 countries and has a footprint in Europe; and the companies can combine research and development operations to focus on tissue repair, tissue regeneration and healing.
For a closer look at the domestic and international deals of the week charts for the week ended April 11, please see below or check out the Deals of the week channel on TheDeal.com. - Gerald Magpily
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Top 10 Announced Deals with U.S. Targets*
April 7 - 11, 2008 |
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Date deal announced
The Deal's coverage |
Acquirer |
Target |
Deal value
($mill.) |
Type of deal |
Apr. 7
Novartis to buy Alcon stake |
Novartis AG |
Alcon Inc.
(24.82%) |
$10,593 |
Divestment |
Apr. 10
Takeda to buy Millennium |
Takeda Pharmaceutical Co. Ltd. |
Millennium Pharmaceuticals Inc. |
8,446 |
Tender offer |
Apr. 8
TPG heads WaMu recap |
TPG Capital
|
Washington Mutual Inc.
(Stake) |
2,000 |
Share placement |
Apr. 7
Kinetic takes LifeCell |
Kinetic Concepts Inc. |
Lifecell Corp. |
1,743 |
Tender offer |
Apr. 11
Aurora, Investcorp strike deal
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CCC Information Services Group Inc. |
Mitchell International Inc. |
1,400 |
Management participation, Divestment, Stock swap |
Apr. 11
Apax takes TriZetto private |
Apax Partners LP,
Regence Group,
Blue Cross Blue Shield of Tennessee |
TriZetto Group Inc. |
1,139 |
Tender offer, Leveraged buyout, Privatization |
| Apr. 7 |
Inland Real Estate Acquisitions Inc. |
Property Portfolio
(433 triple-net lease properties with 2.2 million sq. ft.) |
736 |
Acquisition of assets, Divestment |
Apr. 9
Hiro sells 650 Madison Avenue |
Ashkenazy Acquisition Corp.,
Carlyle Group |
Property Portfolio
(650 Madison Ave.: 600,000-sq.-ft. trophy office and retail tower) |
680 |
Acquisition of assets, Divestment |
| Apr. 7 |
Kapstone Paper & Packaging Corp. |
MeadWestvaco Corp.
(North Charles Kraft Division and related assets) |
485 |
Acquisition of assets, Divestment |
Apr. 8
Nuance to buy eScription |
Nuance Communications Inc. |
eScription Inc. |
363 |
Stock swap |
* Excludes buybacks and withdrawn deals
Source: Dealogic |
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Top 10 Announced Deals with International Targets*
April 7 - 11, 2008 |
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Date deal announced
The Deal's coverage |
Acquirer
Nationality |
Target
Nationality |
Deal value
($mill.) |
Type of deal
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Apr. 9
Sacyr-Eiffage union ends |
Caisse des Depots et Consignations - CDC
France |
Eiffage SA
(33.32%)
France |
$3,077 |
Divestment |
Apr. 8
Devon agrees to sell more assets |
GEPetrol
Equatorial Guinea |
Oil & Gas Assets
Equatorial Guinea |
2,200 |
Divestment, Acquisition of assets |
Apr. 9
Enodis in play |
Manitowoc Co.
United States |
Enodis plc
United Kingdom |
2,084 |
Public offer |
| Apr. 10 |
STMicroelectronics NV
(wireless operations)
Switzerland |
NXP Semiconductors
(wireless operations)
Netherlands |
1,550 |
Joint venture |
| Apr. 8 |
Shanghai Fenghwa (Group) Co. Ltd.
China |
Coastal Greenland Development (Jiangxi) Co. Ltd.,
Coastal Greenland (Shenyang) Co. Ltd.,
Classical Construction Co. Ltd.,
Chengdu Dingyuan Property Co. Ltd.,
Shenzhen Coastal Guotou Property Co. Ltd.,
Beijing Xinggang Real Estate Co. Ltd.,
Coastal Greenland Development
China |
1,491 |
Divestment, Stock swap, Reverse takeover |
| Apr. 7 |
Onexim Group
Russian Federation |
TGC-4 OAO
(52.16%)
Russian Federation |
1,186 |
Divestment, Privatization, Share placement, Auction |
Apr. 7
TPG takes 50% of SIA |
TPG Capital LP
(Texas Pacific)
United States |
SIA International ZAO
(50%)
Russian Federation |
800 |
Privately negotiated |
| Apr. 9 |
Integrated Energy Systems - IES Holding
Russian Federation |
TGC-9 OAO
(24.21%)
Russian Federation |
644 |
Public offer |
| Apr. 7 |
Renova Group
Russian Federation |
OC Oerlikon Corp AG
(10.61%)
Switzerland |
598 |
Divestment |
| Apr. 9 |
Groupama SA
France |
Asiban SA
Romania |
551 |
Divestment |
* Excludes buybacks and withdrawn deals
Source: Dealogic |
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Comments
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MAXIDEX WARNING
I had eye surgery and in the post-op pack was MAXIDEX(dexamethasone) drops by ALCON LABS.
Two days later I was BLIND
Use Google and enter EPOCRATES MAXIDEX to verify